A quota system which allows a certain specified quantity of a commodity to be imported duty free or at a low rate of import duty is
A) Bilateral quota
B) Global quota
C) Tariff or custom quota
D) Unilateral quota
Correct Answer:
Verified
Q8: On the basis of origin and destination
Q9: Specific tariffs are assessed
A)On the value of
Q10: A quota which established thorough mutual agreements
Q11: Effects of tariffs included
A)Income effect
B)Effect on demand
C)Effect
Q12: When a uniform rate of duty is
Q14: The tariff rates which are based on
Q15: Which of the following is not included
Q16: imposition of a tariff improves the terms
Q17: A tariff results in an improvement in
Q18: The positive effect of a tariff is,
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